Mirae Asset MF launches Platinum Hybrid Long-Short Fund
Mirae Asset Mutual Fund will enter the specialised investment fund (SIF) space with the launch of its Platinum Hybrid Long-Short Fund on May 20. The fundhouse said the scheme would leverage the flexibility available under the SIF structure to generate superior risk-adjusted returns across market cycles. The scheme, to be managed by Gaurik Shah, will deploy a mix of strategies including collar trades, special situations, arbitrage, and debt to deliver hybrid fund-like returns with stronger downside protection. Under a collar strategy, the fund holds equities while using options to cap downside risk and generate additional income through the sale of call options.
Relaxations proposed for mutual fund intraday borrowing norms
The Securities and Exchange Board of India (Sebi) on Wednesday proposed easing intraday borrowing norms for mutual funds (MFs) by allowing them to use it for reasons beyond investor redemptions and payouts. These purposes include trade settlements (pay-in obligations), forex settlements, derivative obligations and repayment of existing borrowings. The regulator had earlier announced restrictions on the use of intra-day borrowing through a circular on March 13.
MSCI rejig: Federal Bank, MCX, Nalco, Indian Bank added to global index
Global index provider MSCI added four Indian stocks and removed four from its widely tracked Global Standard Index in its latest periodic review, announced earlier on Wednesday, with the changes set to take effect on May 29, 2026. Federal Bank, Multi Commodity Exchange of India , National Aluminium and Indian Bank will enter the index, while Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers and Rail Vikas Nigam will be excluded.